SteelOrbis has learned that domestic prices of drawing quality
wire rod in
Italy are currently at €410-430/mt ($435-456/mt) delivered to customer, indicating a €40-60/mt increase compared to the price levels recorded two weeks ago. This upward movement in domestic
wire rod prices is due to increased scrap quotations and higher demand for locally produced
wire rod due to unattractive import
wire rod offers.
On the other hand, Chinese
wire rod offers to
Italy are currently in the range of $410-415/mt FOB.
€1 = $1.06